At present,the disclosure degree is inconsistent between different entities and companies to avoid the substantive disclosure,which leads to the result that the users of financial statements can not make decisions effectively based on the disclosures.The characteristics are studied at empirical testing level.The empirical study is conducted with the data of 426 manufacturing enterprises listed on the Shanghai Stock Exchange in 2009.We use descriptive statistics,parametric testing,non-parametric testing,corr...